BOSTON -- The foreclosure crisis is hitting a new demographic. No longer is it just homeowners swimming in debt. Now, those trying to lend a helping hand to those in need are feeling financial pains.

NewsCenter 5's Shiba Russell reported Monday that a local nonprofit developer is working to provide affordable housing, but it's feeling the crunch. It built 11 homes for $5 million in Newton. Their plan was to sell seven moderate-income residences and the rest at market rate.

"I think that they were not willing to pay what they thought was too high in a market that was changing," Realtor Sandi Fromm said.

Fromm said that she had no choice but to lower prices. In the end, its developer, Citizens for Affordable Housing in Newton Development Organization, also known as CAN-DO, took a big hit. The market rate homes sold for $40,000 to $170,000 less than the asking price.

"I think if they had come on the market six months sooner we would have been fine, but they didn't," CAN-DO's Executive Director Josephine McNeil said.

A changing housing market now means a changing future for nonprofit developers. For example: CAN-DO is unable to pay a $200,000 construction loan.

"It's probably going to need some really intense fundraising, focused on just trying to retire the debt," McNeil said.

"It hurts because there is a lot for them to deal with -- that difference in price. It might mean her not being able to do another development when she takes a big hit. It stops other people from getting into it, which is really a shame," Fromm said.

CAN-DO's next big fundraiser is scheduled for March 9 at the Marriott in Newton. For more information log onto its website at www.newtoncando.org.